euro adhoc: PrimaCom AG
Strategic management decisions
PrimaCom Management
GmbH signed with Amsterdamse Beheer- en Consultingmaatschappij and B.V.Christina
Beheer- en Adviesmaatschappij B.V. an Agreement Regarding the Sale of Dutch
Subsidiaries.
Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement.
06.10.2005
The Company gives notice that on 06.10.2005 its subsidiary PrimaCom Management GmbH has entered into a purchase agreement with Amsterdamse Beheer- en Consultingmaatschappij and B.V.Christina Beheer- en Adviesmaatschappij B.V., companies controlled by the global private equity firm Warburg Pincus, regarding the indirect sale of all shares in N.V. Multikabel as well as all debt of all Dutch subsidiaries vis-à-vis the PrimaCom Group. The agreement is made under several conditions precedent, including the merger clearance by the Dutch cartel authority NMa as well as the financing of the purchase price by the purchaser and the approval of the lenders (senior and second secured). The purchase price amounts to Euro 515 million. The supervisory board already has granted its consent to the transaction. It is expected that the transaction will be consummated by November, 2005.
end of announcement euro adhoc 06.10.2005 10:12:40
Further inquiry note:
Investor Relations
Telefon: +49(0)6131 944 522
E-Mail: investor@primacom.de
Branche: Telecommunications Equipment
ISIN: DE0006259104
WKN: 625910
Index: General Standard
Börsen: Frankfurter Wertpapierbörse / regulated dealing
Berliner Wertpapierbörse / free trade
Hamburger Wertpapierbörse / free trade
Baden-Württembergische Wertpapierbörse / free trade
Börse Düsseldorf / free trade
Niedersächsische Börse zu Hannover / free trade
Bayerische Börse / free trade
Bremer Wertpapierbörse (BWB) / free trade